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Social Security Maximum Taxable Earnings 2024 Olympics. 11 rows if you are working, there is a limit on the amount of your earnings that is taxed. This amount is tied to the national average wage rate, so it tends to increase annually.

For employees, the maximum social security tax in 2024 is the product of the tax rate (6.2%) and the maximum taxable earnings ($147,000). The maximum social security benefit in 2024 is $3,822 per month at full retirement age.